The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1887-10-09
TIE B. & O. MATTER.
The Absorption Of Its Tele-
graph by the W. 0.
=
WHAT GOULD SAYS ABOUT IT.
Grave ApprehensiOns for the Out
come if the Dealis Consum-
nated-Other Notes.
WHAT GOULD SAYS ABOUT IT.
The western Union Buy.

New YORK, Octo5er Sit was an
nounced this morning on apparently
good authority, that Robert Garrett
emphaticaIly denied that the Baltimore
81 Ohio telegraph had been absorbed by
the Western Union. He is represented
as saving he will fight the alleged trans
fer and feels sure of winning.
y statement in this morning paper to
the effect that Robert Garrett, refer
ring to the absorption of the Baltimore
81 Ohio Telegraph lines by the Western
Union said last night: Its no trade
gentlemen" caused considerable talk
to-day, vt no excitement. Western
Union went off a point, but that was
not attributed to CARROTS alleged de-
NAL of the sale. George Gould treated
the story laughingly. He did not be-
lieve Garrett was correctly quoted,
although the collateral has not been
turned over the agreement has been
signed and is in our possession. There
is no Baltimore 81 Ohio Telegraph now
as their wires are part of our system. d"
Gould also denied the statement IN the
same article that the Baltimore & Ohio
owed Garrett personally between
5000, 900 and 81 600, 900. W. B. Somer-
vile, of the Western Union, was au-
thorized to say that DR.. Norvin Green
did not believe the story, and that DR..
Green was so confident there would be
no trouble about the sale that he had
decided to issue no statement about the
matter.
Carrot, to-day. refused to see report
ers or to say whether the great tele-
graph deal was legally completed or
not.
Edward Stokes smiled as he sat in his
private Office when a reporter accosted
him with the question: Did Mr.. Gar
ret say to you last night there would
be no deal with the Western Union ?"
He said there would be fun some
where. He was very much excited
and abused Jay Gould without stint.
If there had been a trade, he said, it
would not hold water"
Did he threaten to sue Mr.. Gould?"
Eyes, he threatened all sorts of things.
He said he had been sold out by his
friends, and that he would get even all
around. l never saw him so excited.
He declared that snap judgment had
been taken on him when he was away,
but the conspirators would find that
their plans would not hold"
Did you have any dealings with Gar
Ohio Telegraph liues?"
Eyes, a good many. When Garrett
went TO Europe the other gentlemen en-
ga ged in the dc al believed we had ef-
ice a cons oidation of the Baltimore
q Ohio. the POSTAL, and the United
States Telegraph companies. Ii Gar
rett had done as he prom
ised the Western Union would
never pay another dividend.
what was the promise?"
IAN agreement to a consolidation.
We were to capitalize the stock at
$40 600 600. John W. Mackay was to
put IN 81 ,000, 600, Garrett 81 ,000, GOO, and
the stock of the company would make
up $40, 600, 000."
Have you any idea why Mr..
Garrett failed to keep his word2"
''Not the slightest. He went off to
Europe and that ended the matter"
sis it probable the Western Union
will now swallow the united lines and
postal compapies?"
mo, l ought to know something
about that, and will have something to
say when an attempt is made. We are
not for SALE"
What is your personal opinion of
the Baltimore & Ohio sale?"
L IL
has not, he has such big slice that he
will soon get the rest. He has got the
longest pole now. and guess he will
get the persimmons.
"Do YOU think Garrett was in earnest
when be was talking last night?"
He was, or / was more deceived by
a mans actions than l was ever before.
He looked angry enough to fight whe n
he said he would make fur fly, he
loo ked capable of it."
New YORK, October 8.-The following
will appear as the leading editorial arti-
Gle in to-morrow's Sun: The Times
this morning intimated that the West
ern Union will rot get the Baltimore &
Ohio Telegraph Company system, be-
cause Garrett IS powerless in the
matter. If for no other reason than
that Mr.. Gould has no competitor
for the properly, and ina5much as its
sale is compulsory and he is the only
purchaser, it must go to him. Mr..
Gould, until a few days since, hau
competitor for it, in the shape OF
western association of business men,
who were willing to give higher price
than Gould has paid. but the sharp
practice which has suddenly taken the
property Of the market has made
IL -- ItupOsStUtS " DrOC66u IuTI0eI
in the matter, even if a
legal and practicable opportunity
were still available, which is doubtful
The establishment of the Western
Union in undisputed monopoly of so
great and vital a public service as the
telegraph, will not be viewed with
either content or resignation by the
public. The distrust of Gould and his
associates, and the suspicion that at
taches 10 their methods and practices,
are TOO profound and too weu-rooted in
the public mind to admit of such men
bsing accepted as trustees OF this
great putiic service. We should no
be prepared to entIust Mr.. G3uid
a ID his colleagues with the administra-
ton of the postal system Of our country.
1t wouid imply. IN the public e~tlrr a
ton. s grave calamity, and yet his al
ministrstlon Of the telegraph is likely Io1
be much more prejudiciai to pubic and
private interests than his administIa-
ton of the postal system could possibly
be. It's long lane that has no turn, but
it NAV as well be understood now as
later that the government of The Unittd